Company News March 31, 2026

Wallace Real Estate Expands into Dayton with New TN Valley Office

Wallace Real Estate, East Tennessee’s leading independent real estate brokerage, announces the opening of its newest office: Wallace TN Valley, located at 1377 Market Street in Dayton, TN.  

This new location strengthens the company’s presence in the region and affirms its commitment to serving clients throughout Rhea County, as well as surrounding areas.  

The office will be led by Jillian Stavely, who has been a top performing agent in Dayton by building her reputation on integrity, strong work ethics, and unwavering commitment to client success.  

 Raised in Eastern Pennsylvania and a proud Penn State graduate, Jillian relocated to Tennessee from Central Florida and is grateful to now call Dayton home. When she’s not supporting clients or leading the Wallace Tennessee Valley office, she enjoys serving the community and spending time outdoors taking in the beauty of East Tennessee with her family. 

“As I step into the role of Principal Broker / Owner, my mission for Wallace TN Valley is twofold: to serve our community with professional, results driven real estate services and to equip Realtors with the tools, training, and support they need to build lasting, successful careers,” said Jillian Stavely. “To me, Real Estate is about more than transactions, it’s about people and I am excited to provide the Tennessee Valley with a new option for their real estate needs.”  

“Wallace is proud to partner with Jillian in this new venture,” said Wallace CEO Andrew McGranaghan. “She offers a level of insight and professionalism that sets the standard for service in the Tennessee Valley.” 

A Grand Opening Ribbon Cutting was held on March 27th, to celebrate the launch of the new office with members of the community and local real estate professionals. 

As a member of Leading Real Estate Companies of the World, Wallace Real Estate combines deep local roots with a global referral network, which offers clients trusted service around East Tennessee, and beyond.  

For more information, visit https://wallacetnvalley.com.

Luxury Spotlight March 20, 2026

Wallace Luxury Spotlight | 345 Old Leadmine Bend Road Sharps Chapel, TN 37866

Set along one of Norris Lake’s most inviting stretches of shoreline, this property offers the kind of setting that is increasingly hard to find. With an amazingly level lot leading to year-round water, the home combines comfort, space, and a relaxed lake lifestyle in a way that makes every day feel like a getaway.

Inside, the home is designed to make the most of its surroundings. A dramatic vaulted great room with floor-to-ceiling Pella casement windows draws in beautiful lake views and fills the space with natural light. The propane fireplace adds warmth and ease, creating a central gathering space that feels just as welcoming for quiet mornings as it does for evenings spent entertaining.

The kitchen opens to the dining area and great room, allowing conversation and views to carry throughout the main living spaces. Whether preparing meals for a crowd or enjoying a slower pace at the lake, the layout supports effortless connection and comfort.

With four bedrooms, three baths, and several additional spaces that can be used for recreation or overflow sleeping, this home offers impressive flexibility. The upper level features a spacious primary bedroom with an updated en-suite bath, along with an additional room that could serve as a study, hobby room, or other adaptable space. On the main level, two generously sized bedrooms and a stylish bath continue the home’s thoughtful design.

There is no shortage of places to relax and enjoy the property. The large deck is ideal for outdoor dining while overlooking the yard and water, and the spacious three-season room with its tongue-and-groove cathedral ceiling offers a comfortable retreat when the air turns cooler. On the lower level, an additional large room provides even more versatility, whether used for recreation, guests, or a game room, while another room is currently set up as a home gym. A bath, laundry room, and oversized attached one-car garage add to the home’s functionality.

Beyond the home itself, the amenities continue to impress. An oversized detached two-car garage with a semi-finished overhead room, ample parking, a 12×24 storage shed/enclosed carport, and a beautifully maintained lot with a park-like feel all contribute to the property’s appeal. At the shoreline, a two-story dock is ready for time on the water and all the enjoyment that comes with lake living.

Offered furnished and full of opportunity, this Norris Lake property delivers the space, setting, and features to create an exceptional retreat for weekend escapes or everyday enjoyment on the water.

Listed by Anita Agent Now (Anita Farley-Guynes & Ed Guynes) – Wallace Real Estate North Office | Click here for more information.

Luxury Spotlight March 20, 2026

Wallace Luxury Spotlight | 1837 Regents Park Road Knoxville, TN 37922

Timeless design and modern comfort come together beautifully in this updated home, where classic architecture sets the tone for a property designed to be both elegant and easy to enjoy. Filled with natural light and thoughtfully enhanced throughout, the home offers a warm, inviting atmosphere with generous living spaces that feel equally suited for quiet evenings and memorable gatherings.

Expansive windows brighten the interior and draw attention to the home’s character, while the flowing layout creates a natural connection from one room to the next. Each space has been designed with livability in mind, offering the kind of comfort and flexibility that makes daily life feel elevated.

At the center of the home, the kitchen serves as a welcoming hub for everything from casual meals to hosting guests. With ample room to gather, it balances function and style in a way that supports both entertaining and everyday routines.

The home’s outdoor spaces are just as compelling. A sparkling pool creates a private setting for warm-weather enjoyment, while the enclosed patio extends the living experience across the seasons. Complete with a working fireplace, this inviting retreat offers the perfect backdrop for relaxed evenings, conversation, and entertaining long after the sun goes down.

Blending classic charm with thoughtful updates, this home offers a wonderful opportunity to enjoy refined comfort, beautiful surroundings, and effortless indoor-outdoor living.

Listed by Deborah Saunders – Wallace Real Estate Farragut Office | Click here for more information.

Luxury Spotlight March 13, 2026

Wallace Luxury Spotlight | 445 W Blount Avenue, Unit 411 Knoxville, TN 37920

Set along Knoxville’s sought-after waterfront, this exceptional Cityview condo offers a refined take on urban living, complete with panoramic views of the Tennessee River and a striking view of Neyland Stadium. From its spacious open layout to its well-appointed community amenities, this residence is designed for those who appreciate both style and ease.

Inside, the main living area is open and inviting, creating a seamless flow between the kitchen, dining space, and living room. Hardwood floors, granite countertops, high ceilings, and crown molding bring warmth and sophistication to the interior, while large windows and access to the covered balcony keep the river views front and center. Whether enjoying a quiet morning coffee or hosting friends in the evening, the setting offers a beautiful backdrop for everyday life.

The condo features two ensuite bedrooms, offering privacy and comfort for owners and guests alike. Each bedroom includes carpet, a walk-in closet, and a private tiled bath, creating spaces that feel both functional and restful. The inclusion of the refrigerator, washer, and dryer adds even more convenience for a move-in ready experience.

Beyond the residence itself, this property offers practical features that are especially valuable in a waterfront condominium setting. A large storage room just across the hall provides additional space for seasonal items and gear, while two deeded parking garage spaces add ease and accessibility.

Cityview’s extensive amenity package enhances the lifestyle even further. Residents enjoy access to a pool, fitness center, club room, and a beautifully designed courtyard featuring gas grills, fireplaces, and a fountain. Secure bike and kayak storage are also available, along with on-site security and fob-entry doors and garages. These features create an environment that supports both relaxation and recreation in a polished, low-maintenance setting.

The location places this condo near a growing collection of waterfront and downtown experiences, with convenient access to dining, entertainment, recreation, and the University of Tennessee area. Nearby destinations such as Kerns Food Hall, Kern’s Bakery, Augusta Quarry, and the planned pedestrian bridge connecting the South Waterfront and UT campus continue to shape this area into one of Knoxville’s most dynamic places to call home.

For buyers seeking a luxury condominium with memorable views, quality finishes, and an amenity-rich setting, this Cityview residence offers a standout opportunity to enjoy the best of waterfront living in Knoxville.

Listed by Kathy Browne – Wallace Real Estate Lakeside Office | Click here for more information.

Luxury Spotlight March 13, 2026

Wallace Luxury Spotlight | 2014 Legacy Lane Maryville, TN 37803

In the heart of Maryville, this beautifully appointed brick two-story home offers the kind of lifestyle that blends everyday comfort with elevated design. Situated on a spacious cul-de-sac lot, the property combines privacy, convenience, and thoughtfully selected features that make it ready to enjoy from day one.

Upon entering the home, you’re welcomed into an interior that feels polished and inviting, with hardwood flooring, tile accents, crown molding, and stylish finishes throughout. Every detail contributes to a look that is both timeless and functional, creating a home that feels refined without sacrificing livability.

At the center of the home is a gourmet kitchen designed to bring people together. Quartz countertops add a clean, sophisticated touch, while the impressive 3-by-6-foot island provides generous space for meal preparation, casual dining, or gathering with guests. Whether you love to cook or simply appreciate a beautiful kitchen as the hub of the home, this space delivers.

With four bedrooms and two-and-a-half bathrooms, the layout offers flexibility for a variety of needs, including guest accommodations, work-from-home space, or room to spread out and relax. The home’s move-in ready condition and quick closing potential make it especially appealing for buyers who are ready to settle in without delay.

Outside, the property truly shines. The private backyard has been designed as an inviting outdoor retreat, anchored by a heated gunite saltwater pool that can be enjoyed well beyond the height of summer. A covered outdoor kitchen adds another layer of functionality and style, making entertaining easy and enjoyable. Nearby, the gas firepit and built-in seating area create the perfect setting for relaxed evenings outdoors, whether hosting friends or simply unwinding at the end of the day.

Additional features like Andersen windows and an electric car hookup add even more value, combining lasting quality with modern convenience. Priced under appraisal assurance and offering immediate equity potential, this home stands out as a rare opportunity in one of Maryville’s most sought-after settings.

For buyers searching for a home that pairs elegant finishes with standout outdoor amenities, this property is ready to impress.

Listed by Kathy Parker – Wallace Real Estate Nelson Office | Click here for more information.

Company News March 12, 2026

Wallace Real Estate Welcomes Wallace-Nelson as New Partnered Office in Blount County

MARYVILLE, Tenn. (March 12, 2026) — Wallace Real Estate is excited to announce that Wallace-Nelson, formerly Coldwell Banker Nelson Realtors, will join the Wallace family, strengthening Wallace’s presence in Blount County and expanding the resources available to agents and clients throughout the region.

Led by Broker/Owner Tia Cooper, Wallace-Nelson is a top-producing real estate company with more than 40 years of service in Blount County and the foothills of the Great Smoky Mountains. The office is home to 43 agents known for deep local expertise, strong client relationships, and a commitment to staying informed on market trends and community growth.

“We’re proud to welcome Wallace-Nelson as a partnered office,” said Andrew McGranaghan, CEO of Wallace Real Estate. “This is a group with an exceptional reputation in Blount, Knox and Sevier Counties. By pairing their local leadership and client-first culture with the support systems Wallace provides, we’re creating an even stronger platform for agents to thrive and for clients to be served at the highest level.”

As a partnered office, Wallace-Nelson will receive expanded operational and marketing support, including resources from the Wallace Business Hub, in-house Marketing, and additional tools designed to help agents streamline their businesses and elevate the client experience. The office will also join Leading Real Estate Companies of the World (LeadingRE), a global network of top-performing independent brokerages that enhances referral connectivity and strengthens service for relocating buyers and sellers.

“Our agents have built trusted relationships in this community for decades, and that doesn’t change,” said Tia Cooper, Broker/Owner of Wallace-Nelson. “What changes is the level of support behind the scenes. We’re gaining powerful tools, marketing resources, and a global network, while continuing to serve Blount County and the surrounding areas with the same local knowledge and personal care our clients expect.”

Located at 215 Foothills Mall Dr., Maryville, TN 37801, Wallace-Nelson is uniquely positioned to serve clients seeking the balance of Foothills living and convenient access to urban amenities. With continued local decision-making and the strength of Wallace support, the partnered office is poised to deepen client relationships and expand its reach across East Tennessee.

About Wallace-Nelson 

Wallace-Nelson Real Estate is a locally owned and operated real estate office serving Maryville, Blount County, and surrounding East Tennessee communities. Affiliated with the Wallace Real Estate family of companies, the firm combines deep local roots with the strength of a trusted regional brand. Located at 215 Foothills Mall Drive in Maryville, Wallace-Nelson is proud to provide personalized service, market expertise, and a strong commitment to the communities it serves.

About Wallace Real Estate 

Wallace Real Estate is East Tennessee’s leading independent real estate brokerage, serving buyers, sellers, and communities across the region. Wallace supports agents with dedicated business resources, in-house marketing expertise, and a commitment to education, innovation, and trusted guidance. 

About Leading Real Estate Companies of the World (LeadingRE) 

Leading Real Estate Companies of the World is a global network of market-leading independent real estate firms, providing referral connections, professional resources, and worldwide reach. 

Market StatsReal Estate News & Trends March 12, 2026

February 2026 Real Estate Market Update: What You Need to Know

What February 2026 Market Data Means for Buyers and Sellers

If you’ve been wondering what’s really happening in the real estate market right now, February’s numbers tell an important story: the market is moving, but it’s moving differently than it did during the fast-paced frenzy of recent years.

For consumers, the biggest headline is this: there is more choice in the market than there was a year ago.

Active listings are up about 10% compared to last February, which means buyers are seeing more available homes and have a little more breathing room in their search. Instead of feeling pressure to jump on one of only a few options, buyers may now have the chance to compare homes, think more carefully, and make more informed decisions.

For sellers, that increased inventory creates a different kind of environment. Listing a home today means competing not only with nearby properties, but with every appealing home in a similar price range. That makes preparation, pricing, and presentation more important than ever.

Interestingly, new listings were down slightly in February compared to last year. That tells us the increase in inventory is not because a flood of brand-new homes is suddenly hitting the market. Instead, it suggests homes are simply taking longer to sell. In other words, properties are staying on the market longer, which is giving inventory a chance to build.

At the same time, buyer demand has not disappeared.

Pending sales were nearly flat year-over-year, with a slight increase. That means buyers are still active and offers are still being written. What has changed is how buyers are approaching the process. Many are taking more time, asking more questions, and paying closer attention to details like condition, repairs, and overall value. Today’s buyers tend to be more thoughtful and selective, which makes sense in a market where they have more options.

Closings were also up meaningfully over last February, which is another encouraging sign. Even if the market feels slower than it once did, homes are still selling and transactions are still happening. A more measured market is not the same thing as a stalled market. It simply means success often depends on having the right strategy and the right professionals around you.

One of the clearest indicators of today’s market is months of supply, which is often used as a way to measure overall market balance. In February, the market was sitting at around seven months of supply. That is a much different picture than the extremely tight inventory conditions buyers and sellers saw a few years ago.

A market with around seven months of supply is often considered more balanced, or even slightly favorable to buyers. For buyers, that can create more negotiating power, especially on homes that may be overpriced, less updated, or difficult to show. For sellers, it reinforces the importance of getting the fundamentals right from the beginning. Homes can absolutely still sell, but the homes that perform best are the ones that enter the market with a strong pricing strategy and a polished presentation.

Prices, meanwhile, continue to hold steady. The median sales price in February was slightly higher than it was a year ago. That points to a market that is stable rather than soaring. Prices are not climbing at the dramatic pace seen in previous years, but well-prepared homes in desirable locations can still command strong results. The difference is that the market is rewarding accuracy more than wishful thinking.

Another noticeable shift is the rise in average days on market. Homes are taking longer to sell than they were last year, and that changes expectations for everyone involved. Sellers may need to prepare for more showings, more negotiation, and a longer timeline before receiving the right offer. Buyers, on the other hand, should know that while standout homes can still attract attention quickly, there may also be opportunity in listings that have been on the market a little longer, especially if the original pricing or marketing strategy missed the mark.

The February 2026 market is not defined by panic or slowdown. It is defined by balance, selectivity, and strategy. Buyers have more room to explore their options, and sellers still have opportunity, especially when they position their homes thoughtfully.

In this kind of market, expert guidance matters. Knowing how to price, prepare, negotiate, and respond to changing conditions can make all the difference.

*Stats provided with permission from the East Tennessee Realtors Multiple Listing Service. As reported by Claudia Stallings, Wallace Real Estate COO.

Luxury Spotlight March 11, 2026

Wallace Luxury Spotlight | 4209 Lake Meadow Way Louisville, TN 37777

Set on five manicured acres overlooking Fort Loudon Lake, this exceptional estate offers a rare opportunity to own a home that is as much a work of art as it is a place to live. Designed by the seller and inspired by Frank Lloyd Wright’s Prairie Home Series, the residence reflects an incredible level of vision, craftsmanship, and intentional design from beginning to end.

Constructed with natural materials throughout, the home showcases rich textures and timeless character at every turn. Hand-scraped reclaimed walnut flooring, pine and cypress crown molding, cypress beams and piers, tongue and groove pine, natural stone, flagstone details, copper guttering, and a copper roof all come together to create a warm and distinctive architectural statement. The result is a property that feels both grounded in nature and thoughtfully refined.

Upon entering the spacious foyer, the home immediately reveals its welcoming atmosphere and beautifully planned layout. Designed with gathering and entertaining in mind, each space flows comfortably while offering its own unique character. The custom kitchen is both functional and impressive, featuring abundant cabinetry, granite surfaces, a professional Wolf gas range with six burners and griddle, ice maker, island, pantry cabinet, and additional pantry storage.

The living room is a standout space, anchored by a breathtaking natural stone floor-to-ceiling fireplace. Eight-foot walnut doors and hand-worked beams fitted on site add even more depth and craftsmanship throughout the interior. Nearby, a bright den offers picturesque views of the property, making it an especially inviting place to relax and enjoy the surrounding landscape.

The sun room extends the home’s welcoming feel, overlooking the gazebo area and outdoor natural stone fireplace for memorable entertaining and quiet evenings alike. Both the den and sun room are outfitted with motorized blinds, adding comfort and convenience to these light-filled spaces.

The primary suite continues the home’s thoughtful design with a custom walk-in closet, exquisite double vanity, generous storage, and a natural stone shower that brings the beauty of the home’s materials into a private retreat. Two additional main-level en-suite bedrooms, each with walk-in closets, offer comfort and flexibility for guests or other uses.

One of the most distinctive elements of the home is the custom hardware designed by the seller. From drapery rods and brackets to door hardware, mirror supports, and beam trim details, every piece was created to complement the home’s finish and style. These details speak to the care and creativity poured into every corner of the property.

Practical features are equally impressive. A 27 SEER heating and air system helps maintain even temperatures throughout the home, while the spacious three-car side-entry garage includes polished concrete flooring and wood carriage-style doors. On the lower level, a walk-out plumbed space with an expansive recreation room and brick fireplace offers even more potential, ready to be completed to suit the next owner’s vision.

With lake views, remarkable architectural inspiration, and artisan-level details throughout, this is a truly special East Tennessee property that stands apart in every way.

Listed by Kathy Parker – Wallace-Nelson Office | Click here for more information.

Luxury Spotlight March 11, 2026

Wallace Luxury Spotlight | 1356 Orleans Drive Knoxville, TN 37919

A remarkable custom renovation in The Westlands brings together contemporary style, luxurious finishes, and the ease of low-maintenance living in one beautifully designed home. This three-bedroom, three-bath condo makes an immediate impression with its gated brick patio entry, landscaped surroundings, and distinctive architectural character.

At the heart of the home, the cathedral great room delivers a dramatic focal point with a floor-to-ceiling marble slab fireplace, gas logs, natural skylights, and a striking circular brass chandelier. The living space is both refined and inviting, with an entertainment alcove that includes a built-in dry bar, cabinetry, honed black marble top, and full-size glass-front beverage and wine cooler—ideal for hosting or simply enjoying a quiet evening at home.

Just beyond, the formal dining room opens into an impressive chef’s kitchen designed for both beauty and function. Custom cabinetry, white marble countertops accented with touches of black, premium Thor stainless appliances, and an abundance of prep and serving space make this kitchen a standout feature. Whether preparing an everyday meal or entertaining guests, this space offers the kind of thoughtful design that supports it all with style.

The main-level primary suite continues the home’s elevated aesthetic with serene finishes and generous comfort. The bath includes double vanities with storage, a private water closet, and a spa-inspired soaking tub and walk-in shower combination with elegant tile details. A spacious closet provides excellent organization, while French doors open directly to the sunroom, creating a peaceful connection to the natural light and garden views beyond.

A second main-level bedroom offers its own distinctive appeal, featuring a beautifully finished bath with an emerald tile marble waterfall shower, sophisticated vanity, and polished lighting details. A sliding door opens to a large patio and landscaped green space, extending the living experience outdoors and offering another inviting setting for relaxing or entertaining.

Throughout the main level, grey-tone hardwood plank floors add warmth and continuity, while architectural trim and custom finishes enhance every room. The sunroom spanning the back of the residence is especially inviting, filled with natural light and garden vistas that create an ideal setting for morning coffee, reading, or quiet conversation.

Upstairs, even more versatility awaits. The third bedroom includes a private bath, extra storage closets, and access to a vaulted alcove that could serve as an exercise area, hobby space, reading nook, or additional accommodations for guests. A separate storage or wrapping room and floored attic space above the garage add functionality that is often hard to find in condo living.

Beyond the home itself, The Westlands offers a lifestyle that is equally appealing, with gated security, beautifully maintained grounds, tree-lined streets, open green space, and access to a newly renovated clubhouse and pool. It is a setting that pairs privacy and beauty with convenience and comfort.

This thoughtfully reimagined residence is a standout opportunity for anyone seeking sophisticated design, exceptional finishes, and a gracious lifestyle in one of Knoxville’s most established communities.

Listed by Joyce Tapscott – Wallace Bearden Office | Click here for more information.

Real Estate News & Trends March 9, 2026

Top Home Design Trends for 2026

What’s next in home design? According to insights highlighted through the National Association of Home Builders’ 2025 Best in American Living Awards, several emerging trends are beginning to stand out.

One of the biggest themes is a stronger connection to nature. Features like abundant natural light, warm wood tones, indoor-outdoor flow, and natural materials are helping create homes that feel calmer and more grounded. Rather than sterile or overly formal spaces, many buyers are gravitating toward homes that feel inviting and lived in.

Flexibility is also becoming more important. Today’s buyers often want rooms that can serve more than one purpose, including spaces that can easily transition from work to wellness to play. Whether it’s a bonus room, a study nook, or a more adaptable open-concept layout, versatility continues to be a major priority.

On the exterior, darker finishes are having a moment. Rich tones like black, charcoal, dark walnut, and deep gray are showing up more often in paneling, brick, wood, and stone details. These deeper hues offer a dramatic contrast to the stark white farmhouse look that has dominated in recent years.

Inside the home, however, the trend is moving toward warmth. Earth tones, creamy neutrals, natural wood finishes, and shades of brown are helping interiors feel softer and more comfortable. Instead of high-contrast black-and-white palettes, many homes are embracing a more relaxed, layered style with a cozy, welcoming feel.

Another trend gaining attention is the rise of statement doors, both inside and out. Builders and designers are using doors as design features in their own right, with elements like black framing, oversized glass panels, bifold options, and custom wood details that add character and architectural interest.

Homes are also continuing to showcase more dimension and detail. Arched openings, vaulted or cathedral ceilings, ceiling treatments, and exposed beams all help create depth and visual interest. In open floorplans especially, these features can make spaces feel more defined while still maintaining an airy, connected layout.

For buyers, these trends reflect a broader movement toward homes that feel both beautiful and livable. And for sellers, they offer helpful insight into the kinds of features that may resonate most with today’s market.

At Wallace, we’re always keeping an eye on what’s shaping buyer preferences, both here in East Tennessee and across the industry. While every home and every market is different, understanding broader design trends can help buyers recognize value and help sellers position their homes more effectively.

If you’re looking to make a move this year, let’s connect!